Online Business News Today: October 2013

Thursday, 31 October 2013

Fannie Mae sues banks over Libor

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US mortgage giant Fannie Mae is suing nine banks including Barclays and Royal Bank of Scotland (RBS) over losses relating to the Libor scandal....Fannie Mae sues banks over Libor

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Wednesday, 30 October 2013

Government loses work scheme appeal

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The government loses a Supreme Court appeal over a ruling that its flagship "back to work" schemes were legally flawed....Government loses work scheme appeal

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Tuesday, 29 October 2013

VIDEO: When energy 'big 6' faced MPs

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Senior executives from Britain's big energy firms have been defending their pricing policies....VIDEO: When energy 'big 6' faced MPs

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Monday, 28 October 2013

BT accused over nuisance call charge

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An MP who heads a parliamentary group set up to tackle the issue of unwanted phone calls has criticised BT for introducing a charge for its caller ID service....BT accused over nuisance call charge

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Sunday, 27 October 2013

Coalition 'confident' over HS2 costs

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Treasury minister Danny Alexander has said he is "very confident" the HS2 high-speed rail project will be delivered within its £42.6bn budget....Coalition 'confident' over HS2 costs

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Saturday, 26 October 2013

Parliament ticket firm gets £350,000

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Labour questions Parliament's deal with ticket agency after it is revealed the firm has made £350,000 in fees since last year....Parliament ticket firm gets £350,000

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Friday, 25 October 2013

VIDEO: 'New agreement with the unions'

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The chairman of the company which owns the Grangemouth petrochemical plant says that it will stay open and investment will be made after a new deal was struck with workers....VIDEO: 'New agreement with the unions'

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Thursday, 24 October 2013

Carney says BoE 'open for business'

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Bank of England governor Mark Carney says the central bank is "open for business" as he announces plans to boost the availability of finance for financial institutions....Carney says BoE 'open for business'

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Wednesday, 23 October 2013

Detroit's bankruptcy case in court

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Lawyers begin presenting their arguments over whether Detroit should be allowed bankruptcy protection from its creditors....Detroit's bankruptcy case in court

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Tuesday, 22 October 2013

Apple shows off thinner iPad Air

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Apple shows off a new thinner top-of-the range iPad, which it says is lighter than any other full-sized tablet on the market....Apple shows off thinner iPad Air

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Monday, 21 October 2013

Unite union rejects Grangemouth deal

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Unite union claims about half the permanent workforce at the Grangemouth complex have rejected new terms put forward by site operator Ineos....Unite union rejects Grangemouth deal

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Sunday, 20 October 2013

Nuclear power plant set for go-ahead

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The government is expected to give the go-ahead on Monday for a consortium including Chinese investors to build the UK's first nuclear plant in a generation....Nuclear power plant set for go-ahead

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Saturday, 19 October 2013

HS2 will benefit UK, says minister

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Transport Secretary Patrick McLoughlin says the HS2 project will benefit the whole UK, after figures suggested some areas would be worse off if it was built....HS2 will benefit UK, says minister

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Friday, 18 October 2013

Fuel price calculator: How much do you pay?

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How much do you pay?...Fuel price calculator: How much do you pay?

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Thursday, 17 October 2013

British Gas raises prices by 9.2%

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British Gas is to increase prices for domestic customers, with a dual-fuel bill going up by 9.2% from 23 November....British Gas raises prices by 9.2%

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Wednesday, 16 October 2013

US Senate reaches fiscal deal

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Republican and Democratic leaders of the US Senate have struck a cross-party deal to reopen the government and raise the nation's debt limit....US Senate reaches fiscal deal

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Tuesday, 15 October 2013

Obama rejects US House fiscal plan

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The White House rejects a fiscal plan from Republicans in the House of Representatives, just two days before a deadline to raise the US debt limit....Obama rejects US House fiscal plan

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Monday, 14 October 2013

White House calls debt limit meeting

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US President Barack Obama is scheduled to meet congressional leaders from both parties as the deadline to raise the nation's debt limit nears....White House calls debt limit meeting

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Sunday, 13 October 2013

'Massive' energy investment expected

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Britain's energy sector is close to securing tens of billions of pounds in investment from the Far East, Energy Secretary Ed Davey says....'Massive' energy investment expected

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Saturday, 12 October 2013

Obama open to short-term debt rise

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President Obama is willing to sign a short-term increase to the borrowing limit that is free from Republican budget demands, his spokesman says....Obama open to short-term debt rise

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Friday, 11 October 2013

Royal Mail shares jump sharply

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Shares in Royal Mail rise as high as 456p in conditional trading - up 38% on their initial 330p offer price - before easing back....Royal Mail shares jump sharply

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Thursday, 10 October 2013

UK interest rates held at 0.5%

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The Bank of England decides to keep interest rates at a record 0.5% low and makes no change to its monetary stimulus....UK interest rates held at 0.5%

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Wednesday, 9 October 2013

VIDEO: How are UK's public services faring?

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Many people in Britain think some public services have improved since the banking crisis prompted the introduction of austerity measures five years ago, according to a BBC poll....VIDEO: How are UK's public services faring?

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Tuesday, 8 October 2013

VIDEO: Second phase of Help to Buy launched

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The second phase of the government's Help To Buy scheme, which aims to help more people in England get on to the property ladder, has been launched....VIDEO: Second phase of Help to Buy launched

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Monday, 7 October 2013

Greece 'to exit recession in 2014'

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Greece has predicted that it will emerge from its six-year long recession next year, in a sign that it may be finally recovering from its debt crisis....Greece 'to exit recession in 2014'

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Sunday, 6 October 2013

US shutdown starts hitting business

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US Commerce Secretary Penny Pritzker warns that business is starting to suffer from the federal shutdown....US shutdown starts hitting business

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Saturday, 5 October 2013

Shutdown 'could affect US standing'

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The US government shutdown could affect its global standing if prolonged, Secretary of State John Kerry warns on a trip his president had to cancel....Shutdown 'could affect US standing'

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Friday, 4 October 2013

Demand for Royal Mail shares strong

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Demand for Royal Mail shares is high enough for the government to sell them near the top of its hoped-for price band....Demand for Royal Mail shares strong

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Thursday, 3 October 2013

Lotto ticket price doubles to £2

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Camelot, which runs the National Lottery, increases the price of a Lotto ticket to £2, the first rise since the game began in 1994....Lotto ticket price doubles to £2

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Wednesday, 2 October 2013

Complaints against water firms fall

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Customer complaints against water companies in England and Wales have fallen for the fifth year in a row, according to the industry watchdog....Complaints against water firms fall

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Tuesday, 1 October 2013

Dollar falls after US shutdown

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The dollar falls against a range of currencies, driven by fears that a partial shutdown of the US government will hit the country's economy....Dollar falls after US shutdown

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